According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “
A number of other research analysts have also weighed in on EONGY. Kepler Capital Markets reaffirmed a “buy” rating on shares of E.On in a report on Monday, December 21st. The Goldman Sachs Group raised E.On from a “sell” rating to a “neutral” rating in a report on Tuesday, December 8th. DZ Bank raised E.On from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. JPMorgan Chase & Co. began coverage on E.On in a report on Tuesday, January 5th. They set a “neutral” rating for the company. Finally, Morgan Stanley lowered E.On from an “equal weight” rating to an “underweight” rating in a report on Friday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.00.
E.On (OTCMKTS:EONGY) last posted its earnings results on Wednesday, November 11th. The utilities provider reported $0.07 earnings per share for the quarter. The business had revenue of $14.97 billion during the quarter. E.On had a return on equity of 12.32% and a net margin of 0.61%. Equities research analysts expect that E.On will post 0.67 EPS for the current year.
E.On Company Profile
E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, rest of Europe, and internationally. The company provides power and gas distribution networks and related services; and supplies energy solutions, such as power, gas, and heat to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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